Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1887-09-30
WAsHIMaTgN LETTER.


policy has been proposed for the
present That there is a tirr.ness
in the money market is recognized
in the Deparlmens,. eandihore IS O.
deep anxiety 10 meet the detrauds of
The occasion rs rearlv rs it is rossi-
bic 10 CO SO. Eut / is beloved int
there is not The danger OF CT s;s
that all the iplk ana hub-buS 10 " 4
street woud ;a,l;cr,e. The dis ISIS
is partly ,ca' and patty fictitious.
Both politics rnd spocu;aton are be-
lieved to enter into the mal;.ar. SUD
the dido ence OF opinion amoag Ii
nancial ina3noics ea % whether he
Treasury shoL'G go on bny;ng bolds
ms it IS now ;,3ino. or Should make
radical departure and nnt opS q con
siderable amount OF the su, plus, in
dicatcs TO fhc department. rcaso, TO
doubt that t!.ei G is ut p,csrut
serious necessity FOR change OF their
methods Che 'Dulls en-" The
''beaTs' arc hoand 10 pull conirr.y
wise with exaggerated force, end tho
Treasury may meet item " ID II
"happy medium
The no!iticai feature Of the situa-
tiOII, which it is believed adds IN
the cry lor the surplus TO be let
loose. is Il desire ~ prevent = re
duclicn OF the rr0g 9ctIvc tariff by
Congress this W ntcr The taia
'elornol's are moro hopeful than
formerly. now that iho odmlnistra
iICn has taken the matter in aand.
that they will he able 10 pass a
taiiii hi! through The House. Such
Il bill as they might pass would nor.
iii NIL probability, meet with the
approval Of tiic Senate, and the re
Sponsi6iliiy for IL failure might
thus lie made 10 rest upon the up.
per house. Mach political CAPITAL
might he made ont Of this snui.
ton. II The Treasury cOnld be
forced 10 bay m bonds as hiYn
memiUm. ara 50 release TIE sur
,lHs, from The = teasniy. The me.,
anpc would be relieved nc once.
there wOui,i DC l,eni.y of money in
ci'cula;ion. and W ,an Congress
m3t l1ciN WOn.u be no DleNrnic
upou ti:m l0I action. The neasi
far 'noH.y n ir,1ie ANA commerce.
"orI'i noj be ;rlr unti thc anlimH
l;rHc came on, Il as soon and Con
9irss might mee6 and adjourn
vii. out takiGg any actlou iole
dnca the revenues The Temporary
relief Afforded 10y he 'o.tiug loose
u IL greet OlOme of money would
p'ooaoly cilcnmvent all tie nlnna
q the administration for laliii'
teGnction. and brlag ahont mere
di$f' eSsing financial situation al a
intn!c time. There isa question
too, as TO the right OF the depart.
menG 10 take such aciion. Il is.
Ire: e.oie, The in.o,est Of certain
spectators and poiIo;cinns who do
not want the tal,t dis. drbcd to OK
ag.crnte the financial necessities
40 this time rather than after Con
GEES meets. But underlying the
disturbance there really is fonn-
a;t.on. There is an actual sill in
: eeacy in the money mn,ket, Which
can be relieved at prescno only by
the Treasury Department. 1he
department recognizes this, and
the only qra on is whether what
they are nc g is all that is
necessary or nos. 4'ha fact t!.at
there are very few applications COR
prepayment oil INTEREST, aud that
E the bends do ret como in in . eat
numbers at the Wednesdays bid.
din3S, seem to contradict the cry of
Z ''no money" There is much hat
l. Is contradictory in the situation.
Business throughout the country is
J. active and thls, OF course, makes
g the demand for currency g1ess
n y
: inere is 10 iror-rive.ed raie that
binds tbe Treasary to the lipe
policy it is now folioylfis s.
concluded that Che sill, ]!3s
mands it ,adIaai denals /!
be made aS any time, ont id rs
has yet been determined upoS
The love of travel is - pas!ss|
which thriyes Oh it's own aratifica